Listing Number: 6842-288303
Description
This is a unique opportunity to take a heritage, family-owned online/brick & mortar photo-video-electronics retailer to the next level. While competitors have shrunk or closed entirely, this store has thrived through a combination of a product mix of premium, in-demand technology; superior product knowledge; and a stellar reputation for customer service.
They specialize in low- and high-end consumer and professional grade cameras, lenses, telescopes, binoculars, drones, and accessories. They are an authorized dealer for most of the top, premium brands including Canon, Nikon, Sony, GoPro and more. Accessories include everything needed to create and publish spectacular images. Well-established on Long Island, they have expanded beyond their physical space by adding a successful online retail presence.
Additional revenue streams include profitable services such as classes, equipment rentals, repairs, printing, photo restoration, and video & film transfers. Sales channels include their retail store, branded website (established in 1996), Amazon and eBay.
This is an excellent opportunity for a business-savvy hobbyist or photography-loving entrepreneur to profitably pursue their passion. It also is an opportunity for an existing retailer to increase sales and cash flow by expanding within or entering the lucrative New York market while simultaneously enhancing their Internet presence.
2023 Financial Summary
Sales: $3,976,039.38
COGS: $2,640,583.76
Gross Profit: $1,335,455.62
Expenses (after Addbacks): $521,330.66
SDE: $814,124.96
Estimated In-Store/Online Sales Breakdown:
In-store: 60%
Online: 40% (Website - 20%, Amazon - 10%, eBay - 10%)
Asking price is $1,600,000 INCLUDING inventory. Current inventory valued at approximately $1,000,000 (inventory can fluctuate and will be adjusted accordingly).
Listing Details
- Price: $ 1,600,000
- Down Payment: $1,600,000
- Sellers Discretionary Earnings: $ 814,125
- Total Sales: $ 3,976,039
- Location: Nassau County, New York
- Inventory: $ 1,000,000
- FF&E: $ 50,000
- Employees: 11
- Year Established: 1951
- Reason for Selling: Retirement.
- Category: Photography,Electronics/Computer
